Korea Electric Power (NYSE:KEP) Shares Gap Down – What’s Next?

Korea Electric Power Corporation (NYSE:KEP) gapped down before the market opened on Wednesday . The stock had previously closed at $19.13, but opened at $18.51. Korea Electric Power shares last traded at $18.4850, with a volume of 94,385 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KEP. Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Korea Electric Power presently has an average rating of “Moderate Buy”.

Korea Electric Power Price Performance

The stock has a market cap of $23.86 billion, a PE ratio of 4.11, a P/E/G ratio of 0.06 and a beta of 0.89. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.48 and a quick ratio of 0.33. The firm’s 50 day moving average price is $17.19 and its two-hundred day moving average price is $15.00.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Thursday, December 18th. The utilities provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.03. Korea Electric Power had a net margin of 8.47% and a return on equity of 19.00%. The business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $16.17 billion.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in Korea Electric Power during the second quarter valued at $824,000. American Century Companies Inc. raised its holdings in shares of Korea Electric Power by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after acquiring an additional 87,682 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Korea Electric Power by 369.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 171,595 shares of the utilities provider’s stock valued at $2,444,000 after acquiring an additional 135,017 shares during the last quarter. Summit Global Investments purchased a new position in shares of Korea Electric Power during the second quarter worth about $631,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Korea Electric Power in the second quarter worth approximately $201,000.

Korea Electric Power Company Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.